AB DYNAMICS PLC 22 November 2018
AB Dynamics plc
("AB Dynamics" or "ABD" or the "Group")
PDMR share dealings
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 21 November 2018 Colin Martin, a director of Anthony Best Dynamics Ltd, sold 12,000 ABD ordinary shares at a price of 1443.00 pence per share, representing 0.06% of the Company's issued ordinary share capital. On 22 November 2018 Colin Martin sold a further 11,000 ABD ordinary shares at a price of 1440.00 pence per share, representing 0.06% of the Company's issued ordinary share capital. Following the sale, Mr Martin remains interested in 7,000 ABD ordinary shares, representing 0.04% of the Company's issued share capital.
On 22 November 2018, Andrew Pick, a director of Anthony Best Dynamics Ltd, sold 10,000 ABD ordinary shares at a price of 1443.00 pence per share, representing 0.05% of the Company's issued ordinary share capital. Following the sale, Mr Pick together with his wife Eleanor Pick remain interested in 7,067 ABD ordinary shares, representing 0.04% of the Company's issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Robert Hart, Chief Financial Officer of the Company.
For further information please contact:
AB Dynamics plc
01225 860 200
Tony Best, Non-Executive Chairman
Dr. James Routh, Chief Executive Officer Rob Hart, Chief Financial Officer
Cairn Financial Advisers LLP (Nomad)
0207 213 0880
Tony Rawlinson
Liam Murray
Cantor Fitzgerald Europe (Broker)
0207 894 7000
Phil Davies - Corporate Finance David Foreman - Corporate Finance Caspar Shand-Kydd - Sales
IFC Advisory (PR)
0203 934 6630
Tim Metcalfe Heather Armstrong Graham Herring
Overview of AB Dynamics plc
ABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 160 staff. ABD currently supplies twenty of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the relevant person / person closely associated | |
a) | Name | Colin Martin |
2 | Reason for the notification | |
a) | Position/status | Director of Anthony Best Dynamics Ltd |
b) | Initial notification/ Amendment | Initial |
3 | Details of the issuer | |
a) | Name | AB Dynamics PLC |
b) | LEI | 213800OFXZP4A7I47K43 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii each type of transaction; (iii each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares GB00B9GQVG73 |
b) | Nature of the transaction | Disposal |
c) | Price(s) and volume(s) | Price(s) 14.43 Volume(s) 12,000 |
d) | Aggregated information - Aggregated volume - Price | |
e) | Date of the transaction | 21-11-18 |
f) | Place of the transaction | AIM |
1 | Details of the relevant person / person closely associated | |
a) | Name | Colin Martin |
2 | Reason for the notification | |
a) | Position/status | Director of Anthony Best Dynamics Ltd |
b) | Initial notification/ Amendment | Initial |
3 | Details of the issuer | |
a) | Name | AB Dynamics PLC |
b) | LEI | 213800OFXZP4A7I47K43 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii each type of transaction; (iii each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares GB00B9GQVG73 |
b) | Nature of the transaction | Disposal |
c) | Price(s) and volume(s) | Price(s) 14.40 Volume(s) 11,000 |
d) | Aggregated information - Aggregated volume - Price | |
e) | Date of the transaction | 22-11-18 |
f) | Place of the transaction | AIM |
1 | Details of the relevant person / person closely associated | |
a) | Name | Andrew Pick |
2 | Reason for the notification | |
a) | Position/status | Director of Anthony Best Dynamics Ltd |
b) | Initial notification/ Amendment | Initial |
3 | Details of the issuer | |
a) | Name | AB Dynamics PLC |
b) | LEI | 213800OFXZP4A7I47K43 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii each type of transaction; (iii each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares GB00B9GQVG73 |
b) | Nature of the transaction | Disposal |
c) | Price(s) and volume(s) | Price(s) 14.43 Volume(s) 10,000 |
d) | Aggregated information - Aggregated volume - Price | |
e) | Date of the transaction | 22-11-18 |
f) | Place of the transaction | AIM |
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Disclaimer
AB Dynamics plc published this content on 27 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 November 2018 08:00:07 UTC
